Miles Jackson wrote:
>
> Yes, the rate is fixed--if you never miss a payment. Miss one payment,
> the rate jumps.
There is a sneaky way of catching even those who pay up every month -- change the date the bill is sent out. That catches people who put the bills in a pile to pay at the end of the month. Of course that only works once -- and probably is used not by mastercard or visa issuers but by dept. stores that issue their own credit cards.
Carrol